Stratos Wealth Partners LTD. Sells 4,730 Shares of Starbucks Co. (NASDAQ:SBUX)

Stratos Wealth Partners LTD. decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,546 shares of the coffee company’s stock after selling 4,730 shares during the period. Stratos Wealth Partners LTD.’s holdings in Starbucks were worth $7,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Czech National Bank lifted its position in Starbucks by 6.9% in the third quarter. Czech National Bank now owns 230,845 shares of the coffee company’s stock worth $22,505,000 after buying an additional 14,999 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Starbucks by 34.2% in the third quarter. Versant Capital Management Inc now owns 1,979 shares of the coffee company’s stock valued at $193,000 after acquiring an additional 504 shares during the period. Axiom Advisory LLC lifted its holdings in shares of Starbucks by 2.0% in the 3rd quarter. Axiom Advisory LLC now owns 7,573 shares of the coffee company’s stock worth $738,000 after acquiring an additional 150 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Starbucks by 27.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 13,120 shares of the coffee company’s stock worth $1,279,000 after purchasing an additional 2,843 shares during the period. Finally, O Keefe Stevens Advisory Inc. grew its holdings in Starbucks by 51.5% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 5,235 shares of the coffee company’s stock valued at $510,000 after purchasing an additional 1,780 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush raised their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Barclays increased their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, BTIG Research raised their price target on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Stock Up 1.5 %

Shares of SBUX opened at $112.25 on Thursday. The company has a 50 day moving average of $96.51 and a two-hundred day moving average of $94.07. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $112.42. The company has a market cap of $127.50 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the business posted $0.90 earnings per share. On average, sell-side analysts expect that Starbucks Co. will post 3 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Insiders Place Their Bets

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.